Belgium: Technical Assistance Report-Revenue Administration Gap Analysis Program–The Value Added Tax

Author: International Monetary Fund. Fiscal Affairs Dept.

Volume/Issue: Volume 2023 Issue 166

Publication date: May 2023

ISBN: 9798400241147

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Topics covered in this book

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Money and Monetary Policy , Public Finance , Taxation - General , International - Economics , VAT collection , VAT gap , Gap term , VAT Gap , revenue performance , Tax gap , Value-added tax , Revenue Administration Gap Analysis Program (RA-GAP) , Tax expenditures , Europe

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Summary

This report presents the results of applying the RA-GAP VAT gap estimation methodology to Belgium for the period 2011-2021. The Revenue Administration Gap Analysis Program (RAGAP) methodology employs a top-down approach for estimating the potential Value-Added Tax (VAT) base, using statistical data on value-added generated in each sector. There are two main components to this methodology for estimating the VAT gap: 1) estimate the potential VAT collections for a given period; and 2) determine the accrued VAT collections for that period. The difference between the two values is the VAT gap.